Syminvest: One report shows that by using mobile data analytics, microfinance can be brought to millions in need of short term credit.

Photo: Fiona Graham / WorldRemit

In low and middle income markets there are no data or credit history on the people applying for loans, and the banks have nothing to use when deciding if they are capable of handling a loan and on what terms. Because of the increased use of mobiles, digital services and mobile money accounts, the increase of data about lenders is possible.